American Bitcoin and Gryphon Initiate Stockholder Voting for Merger Transaction

American Bitcoin Corp., a platform dedicated to building a robust Bitcoin infrastructure in the U.S., has announced the initiation of stockholder voting for its merger with Gryphon Digital Mining, Inc. This announcement, made on August 6, 2025, marks a significant step towards what both companies envision as a powerful union in the Bitcoin mining sector.

The voting process revolves around the previously disclosed stock-for-stock merger, aligning with American Bitcoin’s strategy to expand its influence in the Bitcoin market. The combined entity will operate under the American Bitcoin name and aims to be listed on Nasdaq with the ticker symbol 'ABTC'. Pending the approval of Gryphon’s stockholders and the fulfillment of customary conditions, the transaction is anticipated to conclude in early September 2025.

Importance of the Vote

Gryphon stockholders are encouraged to participate actively in this voting process, especially those who held shares as of July 25, 2025. The special meeting, scheduled to take place virtually on August 27, 2025, will provide the platform for stockholders to vote on essential proposals tied to the merger. The Board of Directors at Gryphon has unanimously recommended that stockholders vote in favor of all the propositions set forth for discussion.

Voting is crucial as it determines the future direction of both companies and their collective effort in enhancing Bitcoin mining operations. Each stockholder's vote carries weight, regardless of the number of shares owned, as the merger signifies the potential for an expanded market reach and elevated operational efficiencies.

Details of the Special Meeting

The Special Meeting will commence at 10:00 AM Eastern Time and can be accessed through the dedicated virtual platform at the provided link. If there are any changes to this schedule, stockholders will be informed accordingly. Interested stockholders can find specifics about how to vote in the definitive proxy statement filed with the SEC on July 31, 2025.

For assistance or questions regarding the voting process, stockholders may contact Okapi Partners LLC, Gryphon's appointed proxy solicitor, at the provided phone number or email.

About the Companies

American Bitcoin serves as a majority-owned subsidiary of Hut 8 Corp., primarily focusing on large-scale Bitcoin mining and reserve development strategies. The merger with Gryphon, renowned for its innovative approach to Bitcoin mining, is expected to harness the strengths of both platforms, which include efficient mining operations and strategic financial management. The expertise of their combined leadership promises to enhance the prospects of the new entity.

Both companies have expressed optimism about the benefits anticipated from this merger. They aim to leverage combined resources to create a more substantial and competitive entity in the Bitcoin landscape.

As the digital currency market evolves and competition intensifies, such consolidations are expected to become more frequent. Therein lies the strategic advantage of combining forces, driving innovation, and increasing overall market performance.

Final Thoughts

The forward-looking vision of American Bitcoin and Gryphon underscores a shared commitment to strengthening their roles in the cryptocurrency arena. The upcoming vote is more than a procedural formality; it represents shareholders' opportunity to shape the future of two pivotal players in the Bitcoin sector. With the stockholder meeting approaching, the importance of informed voting cannot be overstated. Stakeholders are urged to engage with the provided resources and ensure their voices are heard during this transformative phase in the companies’ histories.

In the grand timeline of cryptocurrency evolution, collaborations like this could redefine market dynamics, and it remains to be seen how the outcome will shape the future of Bitcoin mining and the operational strategies of the combined company.